Newmark secures lease at Class A Industrial Distribution Development Huntley Commercial Center

Newmark announced it has secured a 329,210-square-foot industrial lease on behalf ownership, Huntley Investment Partners, at its state-of-the-art industrial development Huntley Commercial Center in Huntley. The prelease transaction welcomes tenant Kuriyama of America, which will occupy 60% of the 540,960-square-foot Class A industrial speculative building under construction at 14200 Commerce Court, delivering the fourth quarter of 2023.

Newmark Senior Managing Director Adam Marshall, SIOR, CCIM and Director Mark Deady, CCIM serve as exclusive leasing advisers for the property, representing Huntley Investment Partners, LLC, a joint venture comprising Craig Realty Group, Inc., The Prime Group, Inc. and The Capital Companies.

"With the execution of this long-term lease with Kuriyama, our team secured a well-established distribution occupier as the anchor tenant," Marshall said. "Huntley Commercial Center provides an excellent opportunity to occupy a new, Class A industrial facility located in one of the fastest growing communities in the Chicagoland area. We will continue to work collaboratively alongside ownership to bring the asset to 100% leased as construction continues."

Less than one year after breaking ground on the speculative building, the collaborative efforts of Newmark and ownership continue to achieve successful results, as evidenced by this latest transaction. Of the total available space, 211,750 square feet remain, which can accommodate a single user or be subdivided to 100,000 square feet and dedicate the user up to 29 docks and 65 dedicated trailer parking stalls. In addition, the Huntley Commercial Center also features an 11.6-acre site for a future 177,320-square-foot industrial build-to-suit that is available for immediate development. Precast wall installation is complete, and structural steel and roofing are scheduled for completion by end of August 2023.